Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-157-500"

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"en.20111013.19.4-157-500"2
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"The internal market is a crucial tool for a competitive EU. A common value-added tax (VAT) system is essential if it is to function effectively. A comprehensive VAT system should reduce operational costs for users and administrative charges for authorities while combating fraud, which is a considerable burden on public finances and on consumers. The VAT exemption threshold for small and medium-sized enterprises (SMEs) varies from one Member State to the next and applies at national level only. In order for the European Union to promote the growth of SMEs – which represent 99% of all businesses – and take advantage of the opportunities and benefits afforded by the single market, it is important for the Commission and the Member States to consider adopting a Europe-wide VAT exemption threshold for SMEs, with a view to cutting red tape and costs and ensuring access to the internal market."@en1

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